Press release
Wooden Floor Market 2018-2025 | Business Analysis and Evolutionary Growth
According to the report published by Allied Market Research, the global wooden floor market garnered $90.63 billion in 2017 and is expected to reach $141.09 billion by 2025, registering a CAGR of 5.9% from 2018 to 2025. The report provides an in-depth analysis of the key winning strategies, drivers & opportunities, market share, key segments, and competitive landscape.
Among applications, the residential segment accounted for the largest market share of 59% in 2017 and would remain the lead revenue contributor through 2025. This is because wooden flooring is widely adopted in residential construction as they offer many benefits such as easy maintenance and high durability.
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The market in Europe contributed half of the total market share in 2017 and is anticipated to continue its dominance during the forecast period. However, Asia-Pacific would grow at the fastest CAGR of 7.0% from 2018 to 2025. This is due to rapid urbanization, strong economic growth, and increase in population in the region.
Based on the application, the residential segment is expected to account for the largest share in the global market during the forecast period, due to increase in investments in North American, Asia-Pacific, and African countries.
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The key market players analyzed in the report include Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Khrs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett. They have implemented various strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to gain a stronghold in the industry.
Key Findings of the Wooden Floor Market:
o Based on application, the residential segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.6% during the forecast period.
o Europe generated the highest revenue in 2017, and Asia-Pacific is anticipated to grow at the highest CAGR of 7.0%.
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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
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